Question: Mark is considering purchasing some preferred stock from Cullumber Corp. The company pays a $9 annual dividend per share on its preferred stock, and

Mark is considering purchasing some preferred stock from Cullumber Corp. The company

Mark is considering purchasing some preferred stock from Cullumber Corp. The company pays a $9 annual dividend per share on its preferred stock, and similar risk companies are earning 8% annual returns. What should be the value of the stock per share? O $7.20 O $1125.00 O $72.00 O $112.50

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